Metallis Resources Inc. announced that following a detailed re-evaluation program conducted by the Company's geological team, Eskay Creek host stratigraphy has been identified on the 100%-owned Kirkham Property situated in the prolific Golden Triangle, northwestern British Columbia. In addition, several high priority exploration targets have been defined. The Property is surrounded by neighboring Eskay Mining, Skeena Resources and Garibaldi Resources, all of which currently have active explorations programs underway.

2023 Property Update: Terwilligan Creek has been identified as a high priority area due to mapping of Eskay Creek horizon, geochronological age dating and favorable geochemistry; factors that lend themselves to possible Eskay Creek mineralization; Other targets offer early stage, cost-effective work programs, and have been highlighted for follow-up. These including Fewright Creek, Lyons, and Mount Dunn; The Company's most developed asset, the Hawilson Copper-Gold Porphyry, continues to be the Company's highest priority on the Property; and Management looks to continue advancing the Property as it balances fiscal responsibilities. Eskay Creek Targeting: During the Company's 2022 exploration season, two geochronological (fossil age dating) samples were collected to better understand the stratigraphic setting of the geology surrounding the Hawilson Porphyry.

The Geological Survey of Canada confirmed one of the samples as Toarcian age and as such, improved the likelihood of rare Eskay Creek aged rocks occurring on the Kirkham Property, a possibility that was not previously considered. The geological team has since conducted a comprehensive re-evaluation of historic datasets including past operators work as well as BC Geological Survey mapping to define several high-quality targets that offer potential for Eskay Creek stratigraphy and warrant further in-field assessment. Results from Eskay Mining's diligent work being carried out across from company's property border has demonstrated significant potential for similar Eskay style mineralization and the team now recognizes that some of the favorable horizons trace along strike to the Kirkham Property.

Very minor reconnaissance exploration has been carried out over these targets in the past.